$HYPE chart update Hype sitting on strong support level around $75 . this is a good level for buying if you have good risk management you can go for a long as well. but no level is permanent thats why use proper stop loss DYOR https://t.co/AIxlqEtt7T
$INJ Chart update Injective looks still strong because it follows strong uptrend Currently approaching strong support around $6.50 - $6. if we see a liquidity sweep below this area then it will go upside again for another higher high. a minor support is also around $7.57 - $7.25 but its not that much strong for a good bounce. better to wait for the strong demnd zone. DYOR @dexyxbt
Day 6 📚 | Volume Analysis Price tells you where the market is moving, but volume helps you understand the strength behind that move. 📊 Let's understand the basics 👇 1️⃣ High Volume High volume shows increased trading activity. If price breaks resistance with strong volume, it can indicate stronger buying interest. 2️⃣ Low Volume A breakout with weak volume may lack participation and has a higher chance of failing. Always wait for price confirmation. 3️⃣ Volume at Support & Resistance • Low volume as price approaches a level can indicate weakening momentum. • High volume during a rejection can suggest strong buying or selling pressure. • High volume alone doesn't guarantee a reversal. 4️⃣ Volume During Breakouts A breakout with a strong candle and increased volume can provide better confirmation than a breakout on weak volume. Remember Volume doesn't predict the future or guarantee a successful trade. Always combine it with price action, support & resistance, and proper risk management. Learn to read the volume not just the candles. Have any doubts? Ask in the comments! 💬
BITCOIN BOTTOM IN? Has $BTC already formed its bottom? BTC has been moving sideways throughout October, and historically, its bottom has often formed in or before October, followed by a period of consolidation. So, the possibility of a bottom being in is worth watching. If BTC closes the month above $60K, it could strengthen the case for a confirmed bottom and potentially mark the beginning of a new cycle. Of course, history doesn’t guarantee the same outcome this time. The market can always surprise us. Key levels to watch Below $74K sideways structure remains Above $87K potential bullish breakout Until BTC breaks out of this range, patience is key. What do you think is the bottom in, or are we going lower? DYOR
Day 4 📚 | EMA Support & Resistance EMAs (Exponential Moving Averages) calculate average price using recent candles, giving more weight to recent prices. You don't need to understand the calculation in depth focus on how to use them. -Short Term Trading: 5, 9 EMA and 20 EMA are commonly used by scalpers and short term traders to identify trends and dynamic support/resistance. -Long Term Trading: 50, 100 and 200 EMAs are commonly used by swing traders to understand broader market trends. How to Read EMAs • Price above the EMA generally indicates a bullish trend. • Price below the EMA generally indicates a bearish trend. • A sloping EMA suggests a directional trend, while a flat EMA often indicates sideways movement. Remember Lower timeframes tend to have more market noise, while higher timeframes often provide more reliable trend signals. That's the basic concept of moving averages! Have any doubts? Feel free to ask in the comments.